N.J. Admin. Code § 7:36-21.7

Current through Register Vol. 56, No. 24, December 18, 2024

Section 7:36-21.7 - Matching share; donations toward the cost of development

(a) The nonprofit may use as its matching share of the allowable costs of the development project its own funds or grants, contributions, donations, or reimbursements from State or Federal programs or from other public or private sources, except as described at (b) below.

(b) A nonprofit shall not use as its matching share of the cost of development:

1. Any funding provided under the Green Acres laws;

2. Any funding provided under the Garden State Preservation Trust Act administered by any State agency; or

3. The value of any donated goods and services that have not been obtained in conformance with the Local Public Contracts Law, N.J.S.A. 40A:11-1 et seq.

N.J. Admin. Code § 7:36-21.7